At a hearing of the Disciplinary Tribunal of the Institute of Chartered Accountants held on the 10th day of May 2001, the Tribunal noted that in a letter written to the Institute on the 10th day of April 2001, the member pleaded guilty to the following charges:
THAT in terms of the Institute of Chartered Accountants of New Zealand Act 1996 and the Rules made thereunder, and in particular Rule 21.30:
The member had been convicted of an offence punishable by imprisonment and that the conviction tended to bring the profession into disrepute.
IN THAT on or about the 16th day of September 2000 in the District Court at Dunedin, the member pleaded guilty to the theft of approximately $2,500,000.00 from his former employer.
On conviction the member was sentenced to a term of imprisonment of 5 years.
Orders of the Tribunal:
(a) Pursuant to Rule 21.31 (a) of the Rules of the Institute of Chartered Accountants of New Zealand, the Disciplinary Tribunal ordered that the name of Grant John Leishman be removed from the Register of Members of the Institute.
(b) Pursuant to Rule 21.33 of the Rules of the Institute of Chartered Accountants of New Zealand, the Disciplinary Tribunal ordered that the member pay to the Institute the sum of $1797.53 (inclusive of G.S.T.) in respect of the costs and expenses of the hearing before the Disciplinary Tribunal and
the investigation by the Professional Conduct Committee.
In accordance with Rule 21.35 of the Rules of the Institute of Chartered Accountants of New Zealand, the Disciplinary Tribunal directed that the decision be published in
the Chartered Accountants Journal of New Zealand, the
New Zealand Gazette and the Otago Daily Times with mention of the former member's name and locality.
Dated this 25th day of May 2001.
A. N. FRANKHAM, Tribunal Chairman.